DEVELOPMENTAL FUND
HALAL TECHNOLOGY DEVELOPMENT FUND
INTRODUCTION
HTDF is a hybrid matching funding, consists of Grant and Convertible Promissory Note (CPN), specifically designed to finance and nurture Small and Medium Enterprises (SMEs) with the application of technology in halal related products/services for local market and export market.
“Early HTDF offers attractive, holistic and syariah-compliant fund for technology injection to increase capability and capacity so that SME stays ahead of competition. ”
HTDF 1
Business expansion for halal products or services for the local market
HTDF 2
Business expansion for halal products or services for the international market
BASIC ELIGIBILITY
Halal Fund 1
- The company is incorporated under the Companies Act 1965
- The company must be at least 60% owned by Malaysian(s)
- The company qualifies as an SME according to the guidelines on new SME definition 2013 by SME Corp. Malaysia
- The company has already obtained halal certification from Department of Islamic Development Malaysia (JAKIM)
- The company must not be a subsidiary of a GLC/MNC
- Significant business sustainability and viability
Halal Fund 2
- All the criteria listed above (Halal Fund 1); and the products or services have already been exported
Funding Quantum
Halal Fund 1
- Halal Fund 1 provides flexible funding which includes grant and Convertible Promissory Note (CPN) up to a maximum of RM2.0m
Halal Fund 2
- Halal Fund 2 provides flexible funding which includes grant and Convertible Promissory Note (CPN) up to a maximum of RM4.0m
Funding Sectors
The following sectors are eligible for Halal Technology Development Fund:
- Food & Beverage
- Ingredients and Additives
- Cosmetics & Personal Care
- Pharmaceutical & Nutraceuticals
- Innovative Halal Products and Services
Project Duration
Halal Fund 1 and Halal Fund 2
- Six (6) years whereby two (2) years for the implementation phase and four (4) years for repayment
Processing Fee
- Processing fee of RM3,500 is chargeable per application
Eligible Expenses
- HTDF 1
- Product Listing Fee
- HTDF 2
- Engagement with Foreign Partner as Distributor / Agent
- Export Promotional Activities
- Convertible Promissory Note (CPN)
- Equipment, Machinery, Mechanisation & Automation
- Raw Materials
- Cost of Certifications & Standards Compliance
- Consultation Fee & Technical Training
- Development of Product Branding, Packaging, Labelling, Safety & Market Compliance
- Grant
- Advertisement, Marketing & Promotional Activities
- Technology Transfer Fee
HALAL FUND RECIPIENTS
We are proud of the achievement of our companies
RMK-11
